Investment & finance

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Meridian gives up on WSE listing

schedule 09 October 2013
Nathan North
managing editor (English section)

POLAND Meridian Properties has cancelled its listing on the Warsaw Stock Exchange for the second time this year.

JESSICA to help build office for DCT Gdańsk

schedule 08 October 2013
Aneta Cichla

POLAND Gdańska Agencja Rozwoju Gospodarczego and Bank Gospodarstwa Krajowego have signed a contract to receive additional funding from the JESSICA initiative for the construction of Centrum Administracyjno-Usługowe.

Investment & finance

Healthy growth for Redan

schedule 08 October 2013
Aneta Cichla

POLAND Since the beginning of the year retail group Redan has generated revenue of PLN 328.1 mln – an 8.5 pct improvement on the same period a year earlier.

Global investment exceeds expectations

schedule 08 October 2013
Rafał Ostrowski
journalist

WORLD Preliminary direct commercial real estate investment volumes in Q3 2013 reached USD 125 bln globally – up 3 pct over the previous quarter and up 25 pct on the same period last year, according to Jones Lang LaSalle Capital Markets research.

MLP closer to IPO

schedule 07 October 2013
Ewa Andrzejewska

POLAND On October 7th the Polish Financial Supervision Authority (KNF) approved the share prospectus of MLP Group. The warehouse developer is planning to make its initial public offer this month.

Investment & finance

MGPA takeover goes through

schedule 07 October 2013
Nathan North
managing editor (English section)

WORLD US investment management company BlackRock has finalised its acquisition of MGPA.

Immofinanz to pay dividend and prepare for BUWOG sell-off

schedule 04 October 2013

EUROPE Immofinanz is to pay a dividend of EUR 0.15 per share for the financial year 2012/2013. This means that the company will pay a total of EUR 169.3 mln in dividends (EUR 152.4 mln excluding treasury shares).

Inpro buys land from TVP

schedule 04 October 2013
Aneta Cichla

POLAND Inpro has purchased the rights to land on al. Grunwaldzka in Gdańsk.

Investment & finance

Sales agreement between Marvipol subsidiaries

schedule 04 October 2013
Aneta Cichla

POLAND Marvipol is moving assets between its subsidiaries. Verbis Gamma will sell the perpetual usufruct right to a property with an area of 11.11 ha on ul. Kłobucka in Warsaw's Służewiec district to another Marvipol subsidiary – Marvipol Property.

MLP to be sold to Gutseriev family

schedule 04 October 2013
Rafał Ostrowski
journalist

RUSSIA The Renova Group is selling its 100 pct holding in warehouse developer Multinational Logistics Partnership (MLP) to the Russian billionaire Mikhail Gutseriev and his family.

Investment figures double in the Baltics

schedule 04 October 2013
Rafał Ostrowski
journalist

BALTIC STATES With EUR 472 mln transacted in the first half of this year, the investment turnover in the Baltic states more than doubled in comparison to the same period of 2012 (EUR 210 mln), according to a report by Colliers International.

Investment & finance

PBB loans EUR 55.8 mln for Galeria Pomorska

schedule 04 October 2013
Nathan North
managing editor (English section)

POLAND PBB Deutsche Pfandbriefbank has agreed a EUR 55.8 mln medium-term refinancing and construction loan for a fund managed by Resolution Property.

Investment & finance

GTC to sell Galeria Kazimierz to Invesco

schedule 04 October 2013
Nathan North
managing editor (English section)

POLAND Globe Trade Centre has concluded negotiations with Nellia, part of the Invesco Group, to sell the Galeria Kazimierz shopping centre in Kraków.

CTP secures EUR 79.5 mln loan extension

schedule 03 October 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC Industrial developer CTP and long-term financial partners KB/SoGe have signed a new loan facility of EUR 79.5 mln for the refinancing of a portfolio of existing properties.

Investment & finance

Mebe secures USD 60 mln credit line

schedule 03 October 2013
Rafał Ostrowski
journalist

RUSSIA Mebe Development has obtained a USD 60 mln credit line form Sberbank Rossii. The seven-year loan is to be used for refinancing debt held with CJSC Credit Europe Bank and for financing the completion of the Mebe One Khimki Plaza business centre in the Moscow region.

Investment & finance

Blackstone completes Multi acquisition

schedule 03 October 2013
Nathan North
managing editor (English section)

EUROPE US private equity group Blackstone Group has completed the acquisition of Dutch-based developer Multi Corporation.

Investment & finance

ECE loses CZK 1.8 bln case against Czech state

schedule 02 October 2013
Nathan North
managing editor (English section)

CZECH REPUBLIC German developer ECE has lost a CZK 1.8 bln (app. EUR 70 mln) compensation case against the Czech government over the aborted Galerie Liberec development at the International Court of Arbitration in Paris.

Multikino sale goes through

schedule 02 October 2013
Nathan North
managing editor (English section)

POLAND Luxembourg-registered International Trading and Investments (ITI Group) has announced that it has completed the sale of the Multikino chain of cinemas to British group Vue-Entertainment.

Central European investment surges

schedule 02 October 2013
Rafał Ostrowski
journalist

CE REGION Investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania accelerated significantly in Q3 with around EUR 1.5 bln invested, compared with EUR 630 mln in the previous quarter, according to research by Cushman & Wakefield.

Investment volumes heading for a record year

schedule 02 October 2013
Rafał Ostrowski
journalist

RUSSIA If all the transactions in progress are closed this year, 2013 will be record for investment in Russian retail real estate, according to research by Cushman & Wakefield.

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